Update: Nine West Files Chapter 11, Sells Footwear Business to Authentic Brands Group

Nine West’s 40th anniversary celebrations have been dimmed by bankruptcy. The women’s fashion, footwear and accessories company, Nine West Holding, announced Friday that it has filed voluntary petitions for reorganization under Chapter 11. The company stated that the filing was made to facilitate the sale of its Nine West and Bandolino footwear and handbag business…